Sunoco LP Announces Removal of Tender Cap for its Previously
Announced Cash Tender Oer for its 4.875% Senior Notes due
DALLAS, Nov. 9, 2020 /PRNewswire/ --Sunoco LP (NYSE: SUN) ("Sunoco") today announced that it has removed the
tender cap of $500.0 million for its previously announced cash tender oer (the "tender oer") of its outstanding
4.875% Senior Notes due 2023 (CUSIP Nos. 86765LAH0, U86759AE4 and 86765LAJ6) (the "2023 notes") and will
instead oer to purchase any and all of its outstanding 2023 notes. The tender oer is being made pursuant to
Sunoco's Oer to Purchase dated November 9, 2020 (the "Oer to Purchase"). Sunoco intends to fund the tender
oer with the net proceeds from its previously announced senior notes oering, which was upsized from $500
million to $800 million, and borrowings under its revolving credit facility. The maximum amount of the 2023 notes
subject to the redemption described in the Oer to Purchase, if it occurs, will correspondingly increase.
Except as described in this press release, all other terms of the tender oer as described in the Oer to Purchase
remain unchanged, including the Early Tender Deadline, Early Tender Payment, Tender Oer Consideration, Total
Consideration, Withdrawal Time and Expiration Date. Capitalized terms used in this press release and not dened
herein have the meanings given to them in the Oer to Purchase.
Credit Suisse Securities (USA) LLC and Barclays Capital Inc. are acting as lead dealer managers for the tender oer.
The tender agent and information agent for the tender oer is D.F. King & Co., Inc. Questions regarding the tender
oer may be directed to Credit Suisse Securities (USA) LLC at (800) 820-1653 (Toll-free) or (212) 538-2417 or
Barclays Capital Inc. at (800) 438-3242 (Toll-free) or (212) 528-7581. Holders who would like additional copies of
the oer documents may call the information agent, D.F. King & Co., Inc. at (866) 796-6867 (Toll-Free) or (212) 269-
5550, by email at firstname.lastname@example.org.
This press release is for informational purposes only and does not constitute a notice of redemption under the
optional redemption provisions of the indenture governing the 2023 notes, nor does it constitute an oer to sell,
or a solicitation of an oer to buy any security, including the debt securities oered in the debt nancing (the
"new notes"), nor does it constitute a solicitation for an oer to purchase any security, including the new notes or
the 2023 notes. The tender oer is being made solely by means of the Oer to Purchase, which sets forth the
complete terms and conditions of the tender oer. The tender oer is not being made to holders of 2023 notes in
any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue
sky or other laws of such jurisdiction.
About Sunoco LP
Sunoco LPis a master limited partnership with core operations that include the distribution of motor fuel to